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South Africa: Regulator approves the merger of CompCare and Selfmed

 |  August 28, 2019

The Council for Medical Schemes (CMS) approved the merger of CompCare Wellness Medical Scheme and Selfmed on Tuesday, August 27.

Josua Joubert, the chief executive and principal officer of CompCare, said the amalgamation was meant to strengthen the two schemes and to ensure ongoing value for members.

“Together, the two schemes will become one of South Africa’s top 10 medical schemes, offering a highly competitive product range and a customer focused service offering,” Joubert said.

“The South African private healthcare industry has undergone considerable change in recent years. One such noteworthy trend is the consolidation of the medical schemes industry. This development, which is supported and endorsed by the CMS, is aligned to the white paper on National Health Insurance (NHI).”

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